495 Kontiki DrTool, TX 75143

For Sale
$1,590,608.10

High-yield Dollar Tree/Family Dollar; 8.9 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a newly constructed, 10,500-square-foot retail property in Tool, Texas. The building houses a combined Dollar Tree and Family Dollar store, operating under a triple-net (NNN) lease with a credit-rated, corporate-guaranteed tenant. The lease commenced July 1, 2023, and has a remaining term of approximately 8.9 years, extending to September 30, 2033, offering significant lease stability. The property boasts a strong net operating income (NOI) of $117,705, resulting in an attractive 7.40% capitalization rate. Built in 2023, this single-building property is situated at 495 Kontiki, Tool, TX 75143, conveniently located along a main highway in Henderson County, near the popular Cedar Creek Reservoir. The property offers six lease options, providing flexibility for future growth and investment strategies. This is a rare opportunity to acquire a high-performing, credit-backed retail investment with substantial remaining lease term in a desirable location. The asking price is $1,590,608.10.

Highlights

  • $1,590,608.10 asking price for a 10,500 SF retail storefront.
  • NNN lease with a credit-rated, corporate guarantee.
  • Single-tenant occupancy: Dollar Tree and Family Dollar.
  • 8.9 years remaining on a 10.3-year lease (commencing 07/01/2023, expiring 09/30/2033).
  • 7.40% cap rate with a $117,705 NOI.
  • New construction (2023) in Tool, TX.

Property Details for 495 Kontiki Dr

Property type
Other retail properties, Individual retail properties
Square Feet
10,500 SF
Year Built
2023
Buildings
1

Location Insight

City
Tool
County
Henderson
State
Texas
Latitude
32.2735658
Longitude
-96.1744244
495 Kontiki Dr, Tool, Texas

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495 Kontiki Dr
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